nuclear

The government’s comprehensive spending review has seen a 16% increase in departmental spending on the Department for Energy Security and Net Zero (DESNZ) but diverted £2.5 billion of Great British Energy funding to nuclear power.

Ahead of the upcoming Spending Review, Chancellor of the Exchequer Rachel Reeves has announced that the UK government will invest £14.2 billion to build the Sizewell C nuclear power plant.

A report by cross-party think tank the Social Market Foundation (SMF) shows that the high cost of industrial energy in the UK threatens its position in the AI race.

Trade association for the UK steel industry, UK Steel, has published a report highlighting the barriers that high electricity costs represent for the sector.

The Sizewell C Development Expenditure (Devex) Subsidy Scheme has been launched, aiming to support development of Sizewell C up to the point of a final investment decision (FID).

In a move that gives Utilita’s 800,000+ customers access to EDF’s range of low-carbon products, the utility has entered into an exclusive structured trading agreement with the UK energy giant.

UK regulatory bodies have announced that Rolls-Royce’s Small Modular Reactor design will progress to the next stage of regulatory assessment.

E3G has found that the delivery of G7 net zero power targets is at risk, with the UK needing to address various aspects of its transition.

The Office for Nuclear Regulation (ONR) has granted the 3.8GW Sizewell C project a nuclear site licence to install and operate a nuclear power station.

French state-owned energy company EDF has marked its sixth consecutive year of investing more funds into the UK’s energy industry than it achieved in annual profits.